AUCTION SERVICES

Gollant Auctioneers & Valuers is committed to maximising your returns through auction sales. Bringing over 25 years of experience to every auction sale, we understand your market and how best to achieve optimal results.

 

Whether you are closing your business or simply wanting to convert superfluous or redundant assets into cash, we can conduct an on-site auction to realise those assets. Alternatively, we can remove the assets from your premises and hold the auction off-site if that better suits your requirements.  We will manage the auction process end to end. Our team will conduct the asset valuations, assist with setting realistic expectations, catalogue asset lots for sale, lay out the assets for sale, target potential buyers and manage view/sale/delivery days.  

 

We will develop a marketing plan tailored to the industry and assets being sold. The plan will maximise exposure to potential buyers through extensive advertising and direct marketing (via phone, text, email, flyer and online platforms).

 

Our auctioneers are highly skilled and trusted professionals with a passion for results! Utilising their extensive auction experience together with industry knowledge allows us to achieve maximum asset realisation values. We act with integrity at all times and adhere to professional and ethical standards.

TERMS & CONDITIONS OF SALE BY AUCTION

  1. The terms and conditions set out in this document set out your obligations when attending and bidding at Auction. It also sets out our obligations to you. By attending the Auction and placing a bid you are taken to have agreed to these terms and conditions.

  2. Bidders must register by providing name, address, email and phone number. By signing the Bidder’s registration card or registering online, the Bidder also acknowledges and agrees to these Terms & Conditions of Sale.  

  3. Bidders and others enter these premises at their own risk and acknowledge that the premises may contain dangerous machinery, chemicals or other items.

  4. The highest Bidder will be the Purchaser unless otherwise determined by the Auctioneer. Bidders are unable to retract bids.

  5. When you make a bid you are offering to buy the item you bid on at the price you bid and pay any applicable additional charges, fees and taxes.

  6. The Purchaser will be deemed to purchase as Principal unless providing written authority prior to the sale that he/she is bidding on behalf of a Principal.

  7. Unless otherwise stated, the Purchaser acknowledges that GST of 10% will be added to the bid price on all sales.

  8. The Purchaser also acknowledges that a buyer’s premium will be charged on the bid price and GST will be added to the buyer’s premium.

  9. The Purchaser shall pay a minimum deposit of 25% upon fall of the hammer (full payment by credit card is required for winning bidders in online auctions). Payment may be made via cash, debit card, EFT, Mastercard or Visa (a 1% fee applies to credit card payments). Balance of payment is due upon conclusion of the auction sale. No goods may be removed until full payment is received.

  10. If you refuse to pay or otherwise fail to complete the purchase of an item you will forfeit your deposit and we may bring a court action against you for the outstanding balance you owe us, including all charges, fees, taxes and reasonable costs of issuing proceedings and/or resell the item in any manner and you will be liable for any loss that arises by reason of the item being sold for less than the amount you bid.

  11. Removal of goods is at the expense and risk of the Purchaser. The Purchaser must make good any damage caused by such removal. Any electrical, gas or water disconnections must be carried out by qualified tradesmen. No claim will be considered once goods have left the premises.

  12. Purchasers must satisfy themselves by inspection or otherwise as to the nature and condition of lots offered for sale. No warranty is provided by the Auctioneer or Vendor nor is any responsibility accepted for the condition of the lots. Purchasers must satisfy themselves prior to bidding that the estimated quantities stated in the catalogue are accurate.

  13. Purchasers acknowledge that before using equipment they will ensure such equipment complies with OH&S regulations and any other applicable State or Federal regulations.

  14. The Auctioneer and the Vendor reserve the right to do the following without providing reason – nominate a minimum reserve price; withdraw any lots from the sale; offer part thereof of any lots; offer two or more lots for sale together as one lot; refuse any bid(s); refuse admission to or eject from the selling place any person(s); nominate bid increments; not disclose any reserves; bid on behalf of the Vendor or other Purchaser; and in the event that any lot is not sold at auction offer to sell same thereafter by private treaty but otherwise subject to these conditions.

  15. The Auctioneer is acting solely as Agent for the Vendor.

  16. There are a number of consumer rights in the Australian Consumer Law which DO NOT apply to the sale of goods by auction that is conducted by an Agent of a Vendor. The following sections WILL NOT apply;

16.1  section 54, regarding acceptable quality;

16.2  section 55, regarding fitness for a disclosed purpose;

16.3  section 56, regarding the supply of goods by description;

16.4  section 57, regarding the supply of goods by way of sample;

16.5  section 58, regarding repairs and spare parts; and

16.6  section 59, regarding express warranties.

17.   If you are purchasing a Motor Vehicle then you acknowledge and agree that:

17.1  you are purchasing the motor vehicle based upon the general description provided in the lot description.  We do not test the motor vehicle to check its condition;

17.2  the motor vehicle may have damage or mechanical issues which have not been listed in any lot description;

17.3  any information we have provided in the lot description will have been obtained from the Vendor of the motor vehicle;

17.4   the motor vehicle has not been tested to ascertain if it functions according to manufacturer specifications and the accessories on the motor vehicle may vary from those originally supplied by the manufacturer;

17.5  you can inspect the motor vehicle during inspection times.  You must not drive the motor vehicle during an inspection but you may start the motor vehicle;

17.6  purchasers must satisfy themselves prior to bidding as to the nature and condition of the motor vehicle;

17.7  no warranties are provided by the auctioneer as to the condition of the motor vehicle when purchased at auction and you agree to purchase any motor vehicle at auction on an “as is, where is” basis;

17.8  any purchase of a motor vehicle at auction is made without the usual statutory warranties, no cooling off period applies and no certificate of road worthiness will be provided;

17.9  you will be responsible for any fees which are payable to effect the transfer of ownership of the motor vehicle to you;

17.10 should you fail to collect the motor vehicle within the agreed time period, then you must pay us storage fees of $50 per day;

17.11 any storage fees due must be paid in full to us before the motor vehicle will be released for collection;

17.12 if you refuse to pay or collect your motor vehicle purchase within seven days after the auction, then it will be deemed that you have abandoned the motor vehicle and clause 10 as stated above will apply.

© 2018 GOLLANT AUCTIONEERS & VALUERS PTY LTD | T 0432 254 470 | admin@gollantauctions.com.au | MELBOURNE

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